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Personal Finance News 06/2012



Mortgage Rate Predictions For The Next 7 Days (May 31, 2012)
Mortgage rate predictions are an inexact science so let's get the fine print out of the way. First, these mortgage rate predictions are for conforming mortgages only. That is, they're for loans backed by Fannie Mae or Freddie Mac, and they're good in ...

A quarter of a million credit card accounts shut in last three years
By Charlie Weston Personal Finance Editor SAVVY consumers have closed off 260000 credit card accounts in the last three years and paid off almost €500m on their cards as they spurn the high interest charged. Some €70m was paid off on cards alone in ...

What homes are selling for, and other housing stories you might have missed
During the month of May, the Personal Finance team ran a special Home Buying website. Here are some of the highlights from among the articles, columns, and galleries that appeared last month. Our editors sifted through MLS to see what is currently ...

State offering 2.875% mortgage rate to home buyers in June
The state's mortgage program is offering a come-on it hopes buyers will respond to -- a 2.875 percent interest rate. The Maryland Mortgage Program has $30 million set aside to make loans at that rate over the next three months or until the money is ...

Finance website sells for up to $139m
Finance website sells for up to $139m Updated: 20:39, Friday June 1, 2012 Personal finance journalist Martin Lewis has secured his own fortune by agreeing the sale of his website for up to STG87 million ($A139 million). MoneySavingExpert.com, which was ...

Martin Lewis: how he built the Money Saving empire
The channel was fronted by Angela Rippon, but it was Mr Lewis in his two minute slot on personal finance that caught the eye of representation. After being picked up by Broadgate – now Broadgate Mainland – the pr company secured Mr Lewis a column in ...

Home and car insurers, it's payback time
The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick. InsurEye is a new website that is attempting to build a database of customer ratings of home, auto and life ...

15-year mortgage rate drops below 3 percent for first time
Freddie Mac reported Thursday another historic low. The average fix-rated mortgage loan fell to 2.97 percent for a 15-year-loan. Last week, they had averaged 3.04 percent. The average 30-year home loan also broke a record after it dropped to 3.75 ...

Low Mortgage Rates Attracting More Short-Term Borrowers
Freddie Mac's latest mortgage rate survey showed the traditional 30-year fixed-rate loan averaged 3.75 percent this week, down from 3.78 percent last week. It was the fifth straight week of record lows. Even more eye-catching in Thursday's survey was ...

Lending Debate
The listed banks reported a 16.9 per cent yoy growth in its personal loan book. In June 2008, CBO made the last revision in the personal loan segment. “While in 2008 the interest rate was reduced by one per cent from nine per cent to eight per cent (in ...

State Offering 2.875% Mortgage Rate to Home Buyers in June
(Source: Jamie Smith Hopkins The Baltimore Sun (MCT) — The state's mortgage program is offering a come-on it hopes buyers will respond to — a 2.875 percent interest rate. The Maryland Mortgage Program has $30 million set aside to make loans at that ...

Canadian Bond Yields in Free Fall
RateSupermarket.ca's Expert Mortgage Rate Outlook Panel believes Fixed rates are due for a dip while Variable rates are likely to remain unchanged. European crisis fears continue to drive investors toward the relatively safe haven provided by ...

People in NZ need charity too
Mary Holm is a freelance journalist, part-time university lecturer, member of the Financial Markets Authority board, director of the Banking Ombudsman Scheme, seminar presenter and bestselling author on personal finance. Her website is www.maryholm.com ...

New Personal Finance Promotion Strategy Creation Is Completed By USA Payday ...
New Personal Finance Promotion Strategy Creation Is Completed By USA Payday ...

New Personal Finance Promotion Strategy Creation Is Completed By USA Payday ...
New Personal Finance Promotion Strategy Creation Is Completed By USA Payday ...

Call Kurtis: Build Your Credit With a Little-Known Loan
“Especially if somebody has decent credit, but they're looking to borrow money for anything; a house, a car, for a personal loan, for a business loan, it helps to bump up your score just a little bit,” said Eisner-Mix. The Fresh Start loan worked for ...

US Treasury Bonds at historic lows
Many home buyers erroneously believe that their mortgage rate is tied to the interest rate of US Treasuries. They are not. Mortgage rates are tied to an index of mortgage bonds called mortgage backed securities (MBS). Mortgage lenders watch MBS rates ...

Money Watch: Investing tips to help put kids through college
Money Watch, a personal finance column that runs every Saturday, features a financial planner from the National Association of Personal Financial Advisorsanswering reader questions about saving, protecting and growing your money. To submit a question, ...

Emirates Islamic Bank and Dubai Bank offer customers free air tickets
Emirates Islamic Bank and Dubai Bank, part of the Emirates NBD Group, announced that they will be giving away return air tickets to customers who avail personal finance of Dhs75,000 and above. This offer is available to customers who avail personal ...

Homes.org Published Mortgage Rates Update – New Record Lows
The Homes.org weekly mortgage rate report helps keep sellers and buyers better informed about what's happening with mortgage interest rates throughout the US The report details the major factors impacting today's mortgages - current economic activity, ...

Home and car insurers, it's payback time Rob Carrick
The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick. Home and car insurers, it's payback time InsurEye is a new website that is attempting to build a database of ...

Though tempting, it's best to keep student loans
Does it make any sense to get a personal loan with a low interest rate (3.5 percent or lower) and pay off this student loan, then pay off the balance with my bank in a payment plan of $700 a month for the next five years? A To cut to the chase, ...

Mortgage rates: 15-year loan gains popularity
Freddie Mac's latest mortgage rate survey showed the traditional 30-year fixed-rate loan averaged 3.75 percent this week, down from 3.78 percent last week. It was the fifth straight week of record lows. Even more eye-catching in Thursday's survey was ...

MoneySavingExpert sold for STG87m
Personal finance pundit Martin Lewis has sold his MoneySavingExpert website for STG87 million ($A137.83m). Personal finance pundit Martin Lewis will no longer need to take his own advice on pinching pennies, after selling his website for STG87 million ...

Low mortgage rates helping local homeowners
Farmer started with a 30-year, 5.25 percent mortgage rate when he bought his Signal Mountain home in 2008. He bought a home to rent out a year earlier at an even higher 30-year, 7.75 percent mortgage rate. Last week, he slashed those rates to 15-year, ...

Which jubilee generation is on the gain?
By Paul Farrow, Personal Finance Editor The Coronation generation – those born in the Fifties – have some tough questions to ask themselves as they prepare to down tools for good and embrace retirement. But on balance, I would suggest that they've had ...

Banks offer free air tickets with personal loans
Emirates Islamic Bank and Dubai Bank, part of the Emirates NBD Group, announced today that they will be giving away return air tickets to customers who avail personal finance of AED 75000 and above. This offer is available to customers who avail ...

Personal Finance: Travel tips from AirfareWatchdog.com and SmarterTravel.com
By Claudia Buck With all the recent changes in airline fees, flight schedules and boarding rules, there's some turbulence aloft. To get some advice on how to fly smarter and cheaper, we talked with AirfareWatchdog.com CEO George Hobica in New York and ...

Number of short-term borrowers rising
Freddie Mac's latest mortgage rate survey showed the traditional 30-year fixed-rate loan averaged 3.75 percent this week, down from 3.78 percent last week. It was the fifth straight week of record lows. Even more eye-catching in Thursday's survey was ...

These apps can help you keep track of your money
Personal finance apps can help you track your spending, set goals and keep all of your accounts in one place. Here's how some rate: Mint.com Personal Finance (Free)* - One of the most popular money-management apps. You can create a razor-sharp view of ...

US consumer mortgage rate boost for banks
At the end of last week, with the 10-year yield at 1.45 per cent, the 30-year mortgage rate was 3.70 per cent. Gerald Lucas, senior investment adviser at Deutsche Bank, said he believed Treasury yields would have to stay lower for an “extended period” ...

RBA cash rate could go below 1.9%, with 5.1% mortgage rate possible ...
RBA cash rate could go below 1.9%, with 5.1% mortgage rate possible ...

ET Wealth: Learn how to manage risk to ensure good returns
There are several degrees of difference between these two extremes, but the truth is that risk management strategies in personal finance are not always well-understood and implemented. Risk simply refers to the possibility that what we expect may not ...

Learn how to manage risk to ensure good returns
There are several degrees of difference between these two extremes, but the truth is that risk management strategies in personal finance are not always well-understood and implemented. Risk simply refers to the possibility that what we expect may not ...

Current Mortgage Rates Today – Drastic Cuts at Bank of America and Chase Banks
(Best Syndication News) Mortgage interest rates continued to slide Friday as capital markets shifted from equities to government safe-havens (see the mortgage rate chart below). JPMorgan Chase and Bank of America were among the lenders making drastic ...

The dangers of not teaching personal finance to kids
He is a Personal Finance and AP Macroeconomics teacher with Reading Community City Schools in Ohio. He has worked with the Ohio Department of Education to develop Personal Finance and Business Education standards and serves on various education ...

Wes Moss: Market jujitsu and mortgages
Certified financial planner Wes Moss provides personal finance advice and accessible investment strategies. His guest post appears here weekly. One secret to financial success is mastering what I call “market jujitsu” — the art of taking advantage of ...

The race to replace Carl Kruger
Republican rookie David Storobin won the closest state senate election in Brooklyn's history last week, but his risk won't earn him any financial rewards — he'll be getting a truncated legislative salary that won't even cover a $50000 personal loan he ...

Personal Finance 101: Buying locally pays big dividends for your community
If I spend money in the city or town where I live and go to a favorite restaurant -- or another... SNOW HILL -- A Snow Hill woman with a knack for creating lifelike cakes cleaned up at a regional... PITTSBURGH -- Imagine a tiny snake robot crawling ...

QuinStreet's MoneyRates.com Earns Top Mobile Web Award
FOSTER CITY, Calif., Jun 4, 2012 (GlobeNewswire via COMTEX) -- MoneyRates.com (m.money-rates.com), a personal finance site owned by QuinStreet, Inc. (NASDAQ:QNST) , earned the Best Financial Services Mobile Website award in the Web Marketing ...

PostFinance Partners With Strands Finance to Build Their PFM Solution, E-Cockpit
SAN FRANCISCO, CA, Jun 04, 2012 (MARKETWIRE via COMTEX) -- Strands Finance, a leading provider of world-class Personal Finance Management (PFM) solutions, is pleased to be a technology partner of PostFinance, a leading financial institution and payment ...

PostFinance Partners With Strands Finance to Build Their PFM Solution, E-Cockpit
SAN FRANCISCO, CA--(Marketwire - Jun 4, 2012) - Strands Finance, a leading provider of world-class Personal Finance Management (PFM) solutions, is pleased to be a technology partner of PostFinance, a leading financial institution and payment ...

The Seven Deadly Sins Of Credit (And How To Avoid Them)
"Any mistake that impacts your credit score could lead to paying a higher rate for a mortgage, personal loan or a credit card. You could even be denied credit altogether because your credit score is too low," says Harzog. Ways to repent: Check your ...

Uncle Sam's home for the overtaxed Rob Carrick
The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick. A by-product of falling stock markets is falling interest rates. Read here to see where a panel of experts see ...

PadGadget Weekly App Series — Apps for Personal Finance
Mint.com- Personal Finance (Free) – This finance tracker is backed by the creators of Intuit and Turbo Tax. It features everything you need to keep track of multiple accounts and see where you spend your money. Once you've entered your various bank ...

How to pony up for summer camp
Children themselves are also becoming part of the equation, adding lessons in personal finance to the sailing, archery, crafts and photography they can learn at camp. Indeed, some are saving and contributing funds to help meet the costs, ...

Low Mortgage Rates Helping Local Homeowners
Farmer started with a 30-year, 5.25 percent mortgage rate when he bought his Signal Mountain home in 2008. He bought a home to rent out a year earlier at an even higher 30-year, 7.75 percent mortgage rate. Last week, he slashed those rates to 15-year, ...

Monday's Personal Finance Stories
Not everyone likes the same thing. And nowhere is that becoming more evident than on social-media sites, where a worker's “likes” or postings may conflict with those of their employers or colleagues. Ruth Mantell reports in her On The Job column about ...

Mint.com & Other Worthy Personal Finance Apps
Mint.com is the industry leader in the personal finance app space. I currently use Mint on my iPhone and iPad (occasionally logging into the full desktop site as well) in order to track where I am financially: Mint does a great job of showing you a ...

Lender levies high interest, keeps gold till loan repaid
If you have repayment capacity for high interest loans, opt for a personal loan or use your credit card. While personal loans levy an interest rate of 14 to 24 per cent, credit cards charge up to 45 per cent on outstanding dues, depending on your ...



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